Question 1

What is ENCC?

Accepted Answer

ENCC — Global X Canadian Oil and Gas Equity Covered Call ETF — is a Canadian-listed ETF trading on the TSX. Horizons Canadian Oil And Gas Equity Covered Call ETF is an exchange traded fund launched and managed by Horizons ETFs Management (Canada) Inc. The fund invests in the public equity markets of Canada. It uses derivatives like covered call options to invest in the stocks of companies operating in the energy sector which are involved in the crude oil and natural gas industry. The fund invests in the…

Question 2

What is the ENCC ETF price today?

Accepted Answer

ENCC last traded at $12.48 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ENCC MER (management expense ratio)?

Accepted Answer

ENCC has a management expense ratio (MER) of 0.85% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time.

Question 4

What are ENCC annualised returns?

Accepted Answer

ENCC historical returns: YTD: +16.53%, 1-year: +27.79%, 3-year annualised: +18.76%, 5-year annualised: +24.02%, 10-year annualised: +8.05%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.22, which measures risk-adjusted return.

Question 5

Does ENCC pay dividends or distributions?

Accepted Answer

Yes, ENCC distributes income to unitholders. The current distribution yield is approximately 11.15%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does ENCC invest in?

Accepted Answer

ENCC's top holdings include Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY, 32.7%), Cenovus Energy Inc (CVE, 6.9%), Whitecap Resources Inc. (WCP, 6.3%), ARC Resources Ltd. (ARX, 6.0%), Suncor Energy Inc (SU, 5.6%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Gbl Oil&Gas EandP GR CAD.

Question 7

What sectors does ENCC invest in?

Accepted Answer

ENCC's largest sector exposures are Energy (100.0%), Utilities (0.0%), Healthcare (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ENCC? (Assets under management)

Accepted Answer

ENCC has approximately $775M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was ENCC launched?

Accepted Answer

ENCC was launched on April 11, 2011, giving it a 15-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy ENCC in Canada?

Accepted Answer

ENCC trades on the TSX under the ticker ENCC. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is ENCC?

Accepted Answer

ENCC has a 1-year volatility of 14.85% and a beta of 0.54 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.22 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-01	$12.50	$12.54	$12.37	$12.48	$12.48	45,644
2026-09-30	$12.30	$12.46	$12.30	$12.37	$12.37	49,494
2026-09-29	$12.27	$12.39	$12.25	$12.30	$12.30	90,598
2026-09-28	$12.60	$12.64	$12.53	$12.53	$12.53	92,417
2026-09-25	$12.60	$12.61	$12.45	$12.53	$12.53	122,184
2026-09-24	$12.66	$12.78	$12.66	$12.67	$12.67	111,962
2026-09-23	$12.57	$12.75	$12.57	$12.64	$12.64	65,015
2026-09-22	$12.56	$12.72	$12.47	$12.58	$12.58	123,712
2026-09-21	$12.84	$12.84	$12.65	$12.67	$12.67	109,628
2026-09-18	$12.95	$12.95	$12.85	$12.89	$12.89	66,429

#	Ticker	Name	Weight
1	NRGY	Global X Equal Weight Canadian Oil & Gas Index ETF	32.67%
2	CVE	Cenovus Energy Inc	6.90%
3	WCP	Whitecap Resources Inc.	6.31%
4	ARX	ARC Resources Ltd.	6.02%
5	SU	Suncor Energy Inc	5.59%
6	IMO	Imperial Oil Ltd	5.48%
7	SOBO	South Bow Corporation	5.37%
8	CNQ	Canadian Natural Resources Ltd	5.28%
9	KEY	Keyera Corp.	5.28%
10	PPL	Pembina Pipeline Corp	5.26%

Sector	Weight
Energy	100.00%
Utilities	0.00%
Healthcare	0.00%
Technology	0.00%
Industrials	0.00%
Real Estate	0.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Consumer Defensive	0.00%
Financial Services	0.00%
Communication Services	0.00%

Ticker	Name	Price	1D
MSTU		$43.77	+9.62%
OILU		$59.51	+6.19%
HOU	BetaPro Crude Oil Daily Bull ETF	$26.42	+5.98%
MUU		$19.42	+5.72%
RDDY	Harvest Reddit Enhanced High Income Shares ETF	$4.63	+5.71%
MSTE	Harvest MicroStrategy Enhanced High Income Shares ETF - Class A Units	$2.85	+4.40%
CSHI	Ninepoint Constellation Software HighShares ETF	$12.40	+4.11%
HND	BetaPro Natural Gas 2x Daily Bear	$24.40	+4.01%

CIBC Investor's Edge

Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Global X Canadian Oil and Gas Equity Covered Call ETF

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Frequently Asked Questions — ENCC